Base Erosion and Profit Shifting
Minimum levy of 15% on multinationals
The government is to impose an additional 15% tax on multinational companies and their subsidiaries operating in Greece with annual revenues exceeding 750 million euros.
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Government unveils bill on minimum tax rate for multinationals
The Greek government on Tuesday presented a draft law to integrate a European directive on implementing a minimum tax rate on mutinational enterprises and large-scale domestic groups which could lead to a supplementary tax of up to 15% on profits.
OECD tax reform a 'failure': Tax Justice Network
The Organisation for Economic Cooperation and Development (OECD) has failed in its efforts to reform the international tax system despite several deals in recent years, the Tax Justice Network said yesterday, calling for the United Nations to take over responsibility.
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US, Turkey agree on transition to multilateral OECD-G20 framework
The U.S. and Turkey announced on Nov. 22 an agreement on the transition from existing Digital Services Tax to a new multilateral solution agreed by the OECD-G20 inclusive framework.
Democracy Digest: Taxing Times for Central Europe
The G7, which is holding its annual summit this weekend in a Cornish resort in the UK, gave the effort a boost last week when it issued a joint statement on how revamping the global corporate tax structure should proceed. But Hungarian Prime Minister Viktor Orban this week called the idea "absurd" and said he would not support it.
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Turkey signs pact to prevent tax avoidance, evasion
The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) was signed by ministers and high-level officials from 76 countries, including Turkey, on June 8 in Paris.
Greece an OECD exception, being its only member-state to raise corporate tax
The only member-state of the Organization for Economic Cooperation and Development (OECD) to raise its corporate tax last year was Greece, while the general trend around the world has been for taxation to promote growth.
G-20 leaders pledge robust fight against patchy economy: Draft communique
The leaders of the world's 20 largest economies pledged to use all policy tools to address uneven economic growth that falls short of expectations, according to a draft G-20 communique seen by Reuters on Nov. 15.
G-20 finance ministers endorse reforms to tax system for curbing avoidance by multinational enterprises
G-20 finance ministers endorsed the final package of measures for a comprehensive, coherent and co-ordinated reform of the international tax rules during a meeting on Oct. 8, in Lima, according to a written statement Organization for Economic Co-operation and Development OECD).
Social media companies need to pay taxes where they earn: Turkish minister
Turkey has faced problem taxing social media companies, said Finance Minister Mehmet ?im?ek. "We believe that social media companies must pay the taxes if they earn money here," he said at a G20 tax event in Istanbul on May 7.